PRIVATIZATION TO GLOBALIZATION: EMERGING TRENDS IN AIRPORT MANAGEMENT – TAV AIRPORTS CASE STUDY

摘要

Airport management has gone under radical structural changes due to the factors such as public financing problems, capacity constraints, technological innovations, and new management approaches. All of these changes result in three important emerging trends in airport management: commercialization, privatization, and globalization. Recently several airport terminals in Turkey transferred to the private sector with Build-Operate-Transfer (BOT) model and Long-Term-Lease agreement. This paper illustrates how emerging trends in airport industry worldwide affect Turkish airport industry by using a case study. This study based on an explorative research on TAV Airports Group, a national and international constructer, manager, and service provider. This research focuses on growth and business strategies of the company considering internationalization and globalization criteria. The result suggests that privatization of airport terminals succeeded beyond expectations in a very short period of time and this know-how is being transferred to other countries and supports internationalization practices. This is useful information for those who want to enter the airport market and for countries having emerging markets.